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If
you don’t see your question here please contact
us with your question and
we will be glad to provide an answer.
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What are the lease terms?
MDI generally requires a 12-month lease, with a majority
of leases beginning in June or August. 9 and 12 month
leases are available, with a short term lease there
is a $50 up-charge per month.
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When is rent due?
Rent is due on the 1st and late on the 6th with a $25
late fee on the 6th day and $5 everyday after that
until the
balance is paid, but not to exceed $90 by TAA terms.
NO CASH WILL BE ACCEPTED.
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Do residents sign individual
leases?
No. All roommates sign a Joint & Several lease,
holding all roommates responsible for meeting the terms
of the
lease. Therefore, if one roommate defaults on payment,
the remaining roommates are still responsible for paying
the entire rent. It is the tenant’s responsibility
to make sure that everyone pays his or her portion. Rent
must be paid by one check every month.
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Can I sublease?
Residents may sublease their apartment, given the prospect
is approved by MDI and the $100 fee is paid. However,
the original resident is still legally responsible
for the remainder of the lease in the event the new
occupant(s)
defaults on payment.
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How much is the security
deposit?
The security deposit is $200 for a 1 bedroom, $300
for a 2 bedroom, $350 for a 2 bedroom/1½ bath,
and $400 for a 3 bedroom. The deposit will be refunded
30
days after the lease expiration date, less any damages,
fees, etc.
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Do I need a co-signer?
In addition to good credit history, each applicant
is required to earn 3 times the monthly rent in income
(which may
include documented scholarships, financial aid, or
grants) in order to waive the Co-Signature Addendum.
If the applicant
does not meet the income and/or credit history criterion,
the Co-Signature Addendum must be completed and approved
by the property manager. There is an additional $20
fee for the applicant if a co-signature is utilized.
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Are
pets allowed?
Most properties allow small permanently caged animals
with the exception of ferrets and rabbits. Cats
and dogs are
permitted in many properties as well. Breed, age,
and weight restrictions apply and ultimately must
be approved
by the property manager. A pet deposit of $300 is
required, of which $150 is non-refundable. There
is a $20 per month
pet rent.
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What appliances and/or furnishings are
included?
All units include a stove and refrigerator. Some
units include a dishwasher, disposal, microwave,
and/or a washer
and dryer as well. McCullough Development, Inc. does
not rent any fully furnished apartments.
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What
if I have a maintenance problem?
Residents may call our office during normal business
hours regarding problems with heating, A/C, plumbing,
appliances,
lock-outs, etc. However, a member of the maintenance
and management staff is on-call 24-7 for emergencies
outside normal business hours.
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